Local officials, council members and leaders at Los Angeles World Airports (LAWA) have celebrated a new round of investments headed for Los Angeles International Airport (LAX).
The new investments, which have been awarded through the 5 billion USD Multiple Award Task Order Contract (MATOC), includes funding prioritised for local businesses and jobs, with 13 prime contractors set to receive investment for the first time.
Joined by Councilwoman Traci Park and various leaders at LAWA, Mayor Karen Bass spoke of the MATOC’s effect on local businesses
Joined by Councilwoman Traci Park and various leaders at LAWA, Mayor Karen Bass spoke of the MATOC's effect on local businesses:Today, we are celebrating the latest round of investments that will prioritize LA businesses and LA jobs, including 13 first-time prime contractors.
This will ensure that small, local and minority-owned businesses like Lucas Builders Inc., a local, veteran and family-owned business, will benefit as we prepare the City to welcome the world in the coming years. Los Angeles continues leading the way and demonstrating how investment in infrastructure means investing in people, too.
The new five-year MATOC is set to include 51 contracts, with a pre-qualified set of 31 contractors ensuring a faster award process. Of the 31 contractors, 13 have been chosen as first-time prime contractors looking to expand opportunities to local small, medium and large businesses, investing in Los Angele’s local infrastructure.
The contract is hoped to aid further in LAX’s preparations for the upcoming world Cup in 2026 and the 2028 Olympic & Paralympic Games.
John Ackerman, Chief Executive Officer, LAWA, said:LAX is open for business,
As part of the celebration; LAWA unveiled a new video of the overall transformation planed for LAX’s Central Terminal Area, which can be seen here.
